Digital Tree Wallet Mechanism

Greenstand (Global)


A struggling mother, living below the poverty line in Sub-Saharan Africa with few opportunities for income, has now found a way to support her family through reforesting biologically depleted landscapes. In the past, she had been surviving on a small cornfield; now, she has substantially increased her income by growing native forests and using a mobile app to track trees that she plants and grows. Greenstand is launching a wallet system to integrate with its existing Treetracker app that allows entities (businesses, organizations, or individuals) to purchase and trade the environmental services in the form of digital tokens provided by trees. This effort empowers people of severely impoverished regions to rebuild degraded landscapes, restore nature, build ecological wealth, and increase economic stability with a focus on areas of degraded landscapes and buffer zones around nature reserves and biodiversity hotspots.

Link: https://greenstand.org/home